1 unchanged sentence
As of December 31, 2021, we had $67.3 million available for future repurchases to be executed according to predefined price/volume guidelines.
−Removed: In January and February 2022, our board of directors authorized the use of an additional $100 million and $50 million, respectively, for the repurchase of our common stock with repurchases to be executed according to pre-defined price/volume guidelines.
−Removed: In the three months ended March 31, 2022, we repurchased 1,584,340 of our shares for $134.7 million, leaving $82.7 million remaining on our repurchase authorization as of March 31, 2022.
−Removed: The program has no expiration date.
−Removed: In April 2022, our board of directors authorized the use of an additional $75 million for the repurchase of our common stock, with repurchases to be executed according to pre-defined price/volume guidelines.
+Added: In January, February and April 2022, our board of directors authorized the use of an additional $100 million, $50 million and $75 million, respectively, for the repurchase of our common stock with repurchases to be executed according to pre-defined price/volume guidelines.
+Added: In the six months ended June 30, 2022, we repurchased 3.5 million of our shares for $292.3 million, leaving no funds authorized as of June 30, 2022.
Issuer Purchases of Equity Securities
−Removed: The following table summarizes repurchases of our common stock during the first quarter of fiscal 2022:
+Added: The following table summarizes repurchases of our common stock during the second quarter of fiscal 2022:
Total Number of
6 unchanged sentences
(In millions)
−Removed: January 1, 2022 to January 31, 2022
−Removed: February 1, 2022 to February 28, 2022
−Removed: March 1, 2022 to March 31, 2022
+Added: April 1, 2022 to April 30, 2022
+Added: May 1, 2022 to May 31, 2022
+Added: June 1, 2022 to June 30, 2022
All of the shares repurchased were pursuant to our publicly announced repurchase program.
−Removed: Incorporation by Reference
−Removed: Exhibit Description
−Removed: Exhibit/Other Reference
−Removed: Restated Certificate of Incorporation
−Removed: Amended and Restated Bylaws
−Removed: Reference is made to Exhibits 3.1 to 3.2
−Removed: Amendment Number Thirteen to the Amended and Restated Wafer Supply Agreement between Power Integrations, Ltd.
−Removed: Power Integrations International, Ltd.
−Removed: And Lapis Semiconductor Co., Ltd., effective as of February 17, 2022
−Removed: Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
−Removed: Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
−Removed: Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
−Removed: Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
−Removed: XBRL Instance Document - The instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
−Removed: Inline XBRL Taxonomy Extension Schema Document
−Removed: Inline XBRL Taxonomy Extension Calculation Linkbase Document
−Removed: Inline XBRL Taxonomy Extension Definition Linkbase Document
−Removed: Incorporation by Reference
−Removed: Exhibit Description
−Removed: Exhibit/Other Reference
−Removed: Inline XBRL Taxonomy Extension Label Linkbase Document
−Removed: Inline XBRL Taxonomy Extension Presentation Linkbase Document
−Removed: Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)
−Removed: All references in the table above to previously filed documents or descriptions are incorporating those documents and descriptions by reference thereto.
−Removed: Portions of this exhibit have been omitted as being immaterial and the type of information that Power Integrations, Inc.
−Removed: treats as private or confidential .
−Removed: The certifications attached as Exhibits 32.1 and 32.2 accompanying this Quarterly Report on Form 10-Q, are not deemed filed with the SEC, and are not to be incorporated by reference into any filing of Power Integrations, Inc.
−Removed: under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, whether made before or after the date of this Quarterly Report on Form 10-Q, irrespective of any general incorporation language contained in such filing.
−Removed: Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
−Removed: POWER INTEGRATIONS, INC.
−Removed: April 28, 2022
−Removed: /s/ S ANDEEP N AYYAR
−Removed: Sandeep Nayyar
−Removed: Chief Financial Officer
−Removed: (Duly Authorized Officer, Principal Financial Officer and Principal Accounting Officer)
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.